AGCO says CEO dies in UK plane crash

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DULUTH, Ga., Jan 4 (Reuters) - Agricultural equipment manufacturer AGCO Corp
(AG) said on Friday that its chief executive and another manager died after
their private jet crashed during take-off in England.

AGCO said it appeared that John Shumejda, its president and CEO, died in the
crash along with Ed Swingle, senior vice president for sales and marketing,
and the aircraft crew.

AGCO said its executive chairman Robert Ratliff will assume the additional
responsibility of president and CEO on an interim basis. A company
spokesperson was not immediately available to provide further details.

British authorities said five people were killed on Friday when the
U.S.-bound executive jet crashed at Birmingham airport in central England.


The plane, a twin-engine Challenger Aircraft jet carrying three crew members
and two passengers, crashed on take-off at 1207 GMT.

Witnesses said one of the plane's wings had clipped the ground and the
aircraft had then flipped over. The plane was on fire before it hit the
ground and exploded in a fireball, they said.

The Birmingham airport spokesman said that the Challenger aircraft, capable
of carrying up to 20 people, was believed to have been a private or
corporate jet heading for Bangor, Maine, where it was registered.

Challenger executive jets are made by Canadair, a subsidiary of Canada's
Bombardier Inc. (BBDb), the world's third-largest civil aircraft maker.

AGCO shares pared 10 cents to $15.73 during Friday morning trading on the
New York Stock Exchange.


©2001 Reuters Limited.

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